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03. Resolution 4884 - Budget Authority for CDBG GrantREPORT TO: FROM: SUBJECT: City of Kalispell Post Office Box 1997 - Kalispell, Moctana 59903-1997 - Telephone (406)758-7700 Fax (1406)758-7758 The Honorable Mayor Pamela B. Kennedy and City Council Susan Moyer, Community Development Director Chris A. Kukulski, City Manager Budgetary Authority Resolution MEETING DATE: May 3, 2004 BACKGROUND: The City of Kalispell has received a Community Development Block Grant (CDBG) award in the amount of $324,500 to provide down payment and closing cost assistance to low -to -moderate income first time homebuyers. The funds will allow a minimum of 10 participants to purchase a home within the city limits of Kalispell. As no provision for the funds was made in fiscal 2004 budget, the City must appropriate federal or state money received during the year by formal resolution. In order to proceed with the program, the Budgetary Authority Resolution must be approved by the City Council. RECOMMENDATION: The City Council appropriate federal money received during the fiscal year by passing a Budgetary Authority Resolution and authorizing the Finance Director to allocate the $300,000 to program activities and $24,500 to administration of the program. FISCAL IMPACT: The Community Development Department will be able to receive up to $24,500 to cover the administration of the grant. ALTERNATIVES: As suggested by Council. Respectfully submitted, y 4uner,Director y Developmen Memo generated: April 27, 2004 Chris Kukulski, City Manager RESOLUTION NO.4884 A RESOLUTION AMENDING THE ANNUAL APPROPRIATIONS OF THE CITY OF KALISPELL, MONTANA, AS SET FORTH IN THE 2003-2004 BUDGET ADOPTED BY THE CITY COUNCIL FOR THE PURPOSE OF ACCEPTANCE OF A FIRST-TIME HOMEOWNER'S GRANT. WHEREAS, on August 4, 2003, the City Council adopted Resolution 4813 adopting the annual appropriations of the City of Kalispell for fiscal year 2003-2004; and WHEREAS, on February 10, 2004, the City of Kalispell received a CDBG grant in the amount of $324,500 for assistance to first-time homebuyers; and WHEREAS, said funds available to the City were not appropriated pursuant to Section 7-6- 4271, and an increase of appropriation authority is needed. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KALISPELL AS FOLLOWS: SECTION L That the City of Kalispell hereby appropriates the sum of $324,500 and directs the Finance Director to allocate said amount to the following program activities: EXPENDITURE CODE ADMINISTRATION COSTS ACTIVITY COSTS 2940-480-470242-790 $24, 500 $ 300, 000 PASSED AND APPROVED BY THE CITY COUNCIL AND SIGNED BY THE MAYOR OF THE CITY OF KALISPELL, THIS 3RD DAY OF MAY, 2004. Pamela B. Kennedy Mayor ATTEST: Theresa White City Clerk